A serialized item classified as Non-inventory Serialized Items is useful for serialized items that are not recorded as standard inventory. This classification is used for customer vehicles, serialized rental items, or other depreciable fixed assets. An item classified as Non-inventory Serialized Item does not generate inventory asset transactions similar to an item classified as No Count.
This inventory type is often used to record a customer's vehicles or large equipment. The vehicle's VIN is used as the serial number. Review the Recording a Vehicle by VIN Number section for more details on recording customer vehicles.
A serialized fixed asset item that is rented can be depreciated using the depreciation module of EBMS if it is classified as a Non-inventory Serialized Item. For example, serialized items that are rented to customers and need to be depreciated must be classified as non-inventory serialized items. The value of a rental asset is listed under the fixed assets section of the general ledger rather than inventory. The following example displays the general ledger settings for a rental item:
The Sales general ledger is set to the miscellaneous income general ledger account that is classified as Sale of Assets. This will launch the disposal wizard of the depreciation module if the EBMS Fixed Assets module is present. The Use Price Level G/L Account option should be disabled so a complete 9 digit G/L account can be entered.
The Purchase general ledger account should be set to the equipment asset account that is classified as Depreciable Asset. This will cause the new asset wizard of the depreciation module to be launched if the EBMS Fixed Asset module is present. Review [Sales] Rental >Getting Started > Rental Equipment for more details on creating rental equipment items.
A null account was entered into the Inventory Variance and the Manufacturing Offset general ledger codes since these accounts will not be used.
An item classified as Non-inventory Serialized Item causes the Inventory Asset G/L account to be disabled. This item will not generate any inventory change transactions similar to an item classified as No Count. Review the Tracking Counts > Inventory Variance section for more details on inventory transactions.